RGO Riverfort Global Opportunities Plc

TIDMRGO

RNS Number : 2196B

RiverFort Global Opportunities PLC

29 January 2020

29 January 2020

RiverFort Global Opportunities plc

("RGO" or the "Company")

Investment update

The Company is pleased to announce that it has participated in the GBP4.75 million financing package announced by Westminster Group plc ("Westminster") on 23 January 2019. This finance package comprises a mezzanine loan of up to GBP3 million of which GBP1.5 million will be drawn initially, and an equity placing and sharing agreement ("EPSA") which, together, are being used to repay early the company's existing convertible loan notes and provide additional financing if required. This structure aligns the interests of both the investors and the company and, in particular, will enable Westminster to benefit from appreciation of its share price over a period of 12 months as a result of the successful implementation of its strategy.

The Company will invest GBP250,000 in the mezzanine loan and will have a corresponding interest in the EPSA, both through a participation certificate issued by RiverFort Global Opportunities PCC Limited rather than through a direct interest in the financing arrangements.

Westminster is an AIM-listed provider of technology-based security systems and managed services to governments, government agencies, non-governmental organisations and blue-chip commercial organisations worldwide. It has a current market capitalisation of around GBP15 million. Further details about the company can be found at www.wsg-corporate.com.

Phillip Haydn-Slater, Non-executive Chairman commented:

"This investment shows how we can invest in flexible funding solutions specifically tailored to a company's needs which allow all parties to share in the benefits of a company's successful implementation of its strategy."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information please contact:

 
 RiverFort Global Opportunities 
  plc                               +44 20 3368 8978 
 Phillip Haydn-Slater, 
  Non-executive Chairman 
                                   ----------------- 
 
 Nominated Adviser                  +44 20 7628 3396 
                                   ----------------- 
 Beaumont Cornish 
                                   ----------------- 
 Roland Cornish/Felicity 
  Geidt 
                                   ----------------- 
 
 Joint Broker                       +44 20 7186 9950 
                                   ----------------- 
 Shard Capital Partners 
  LLP 
                                   ----------------- 
 Damon Heath/ Erik Woolgar 
                                   ----------------- 
 
 Joint Broker                       +44 20 7562 3351 
                                   ----------------- 
 Peterhouse Capital Limited 
                                   ----------------- 
 Lucy Williams 
                                   ----------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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